Cathal G. Phelan Sells 212 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) insider Cathal G. Phelan sold 212 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $147.52, for a total value of $31,274.24. Following the completion of the transaction, the insider now owns 16,669 shares of the company’s stock, valued at approximately $2,459,010.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Impinj Price Performance

Shares of NASDAQ:PI opened at $153.40 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 6.87 and a current ratio of 9.42. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of -438.29 and a beta of 1.80. The business has a 50-day simple moving average of $156.12 and a two-hundred day simple moving average of $122.49. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $175.41.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.14. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. The firm had revenue of $76.83 million during the quarter, compared to analysts’ expectations of $73.57 million. On average, analysts expect that Impinj, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

PI has been the topic of a number of recent research reports. The Goldman Sachs Group downgraded shares of Impinj from a “buy” rating to a “neutral” rating and set a $156.00 target price on the stock. in a research report on Monday, May 20th. Roth Mkm boosted their price target on Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group began coverage on Impinj in a research report on Monday, May 13th. They set a “buy” rating and a $200.00 price objective for the company. StockNews.com cut Impinj from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Finally, Susquehanna upped their price target on shares of Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.00.

Institutional Trading of Impinj

A number of hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in Impinj during the first quarter valued at approximately $32,000. GAMMA Investing LLC purchased a new stake in shares of Impinj in the 4th quarter worth $40,000. Headlands Technologies LLC bought a new position in Impinj in the 4th quarter worth $58,000. Whittier Trust Co. bought a new position in shares of Impinj in the fourth quarter worth about $90,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Impinj by 117.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock valued at $124,000 after acquiring an additional 521 shares during the period.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.